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Listed by Gregory Berardi, Berardi Realty
Sprawling 27 unit building with a 1-bedroom managers apartment (28 total units). Building is currently being rented as High End SRO (single room occupancy) with each room having its own private bath. The 10,000+ square foot building is split into 4 suites, each suite has its own full kitchen, dining area, living room and then 6-7 bedrooms, each with its own full bath. This property can lend itself to a Hotel (as it was previously used), Inn, Senior Residence or SRO rentals etc. Building has just been updated with all new HVAC (heat and ac), high efficiency propane units along with many other updates. Units are now being rented between $700-$1,000 a month depending on the room size and bathroom layout. Please see attached info in associated doc's for County Records, CO & Floor Plans. Cap rate at projected (conservative) rents and expenses is 14% at asking price. Master Lease, Rent With Option To Buy or Straight sale considered. Property is located about 1/2 mile from Saugerties Village center and surrounded by/close to, Horse Show properties, Cantine Sports Complex, indoor Ice Arena, Mini-golf, Go-carts and Skate Park. Excellent location for Airbnb, hotel or straight rentals. Building is fully furnished along with a full laundry facility with 5+ coin operated washers and dryers. List agent is part owner.
More Info
Basic Information
- Acreage2.2
- Business NameThe Greens Inn
- Lfd WaterMUNICIPAL
- List Price$10,000
- MLS Number20221403
- MlsStatusACTIVE
- Property TypeHotel/Motel
- SewerMUNICIPAL
- Square Feet10,161
- TermsCALL LR
- Units28
- Year Built1960
Amenities
- Other AmenitiesBasement, Golf, Horse Property
Other
- Commercial Features
- FIREPLACE(S)
- HANDICAP FACILITY
- KITCHEN FACILITES
- LAUNDRY ROOM
- PRIVATE RESTROOMS
- SECURITY LIGHT(S)
- SECURITY SYSTEM
- SIGNS OWNED
- SMOKE DETECTORS
- STORAGE AREA
- ElectricityTHREE PHASE, 200 AMPS
- Lot57.2
- Lot Dimensions2.20 acres
- Lot FeaturesADDITIONAL LAND AVAILABLE, LANDSCAPED, LEVEL, PARKING LOT
- Lot SiteHAMLET/VILLAGE
- Owner PaysALL UTILITIES
- Sales IncludeBLDG, BUS NAME, EQUIPMENT, FIXTURE, LEASE W/OPT
- Short SaleNo
- Tennant PaysOTHER
- View Count45
Location
- Address451 Washington Ave Ext.
- Area TownSaugerties-vlg
- Building Number451
- Elementary SchoolCAHILL K-6
- High School DistrictSAUGERTIESCENTR
- StateNY
- StreetWashington Ave Ext.
- TownSaugerties
- Zip12477
- ZoneCOM1
Utilities
- Cooling Air ConditioningCENTRAL
- Heat SourceCENTRAL, FORCED AIR
- Heating FuelPROPANE
- Hot WaterELECTRIC
Building
- BasementCRAWL, FULL, OTHER/SEE REMARKS
- Ceiling Height10-12
- ConstructionMASONRY
- Garage Parking ExtrasLOT, LOT-PAVED, LOT-STRIPED, OFF STREET, Parking Spaces 20+
Property
- Current Business TypeAPARTMENT INCLUDED, HOTEL/MOTEL
- Current Business Type CntMOTEL, RETIREMENT HOME
Interior
- FloorsCARPET, CERAMIC, VINYL
- Other RoomsOFFICE, UTILITY ROOM, OTHER/SEE REMARKS
Legal
- Annual Expenses$95,823
- ForeclosureNo
- General Tax$8,280
- School Tax$10,594
- Total Taxes18874
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Saugerties, NY Demographics
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20221403
Saugerties, NY Real Estate Market Data
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Saugerties, NY Schools
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